Many central banks are experimenting with the idea of issuing digital versions of national currency, in the form of central bank digital currencies. This new form of digital money is made possible by advanced technology, which Microsoft is helping to enable.
Helping financial services businesses become more secure in a world of escalating threats is an area of special focus for Microsoft Cloud for Financial Services. We’re working closely with customers, governments, and stakeholders across the industry to strengthen cybersecurity technologies and practices to protect against future attacks.
Microsoft and our partners are investing in industry-specific capabilities to help customers adopt revolutionary AI solutions faster like copilot templates to create AI assistants for high value scenarios and industry data solutions that provide a data and analytics foundation to ensure your data is AI ready.Â
We are sharing three essential lessons from our work with LSEG that are relevant to other financial services organizations, specifically on how to determine a good solution, strategy, and focus for AI innovations. Â
On the one hand, insurers operate in a world of exacting processes, strict compliance, and regulatory considerations. On the other hand, competitiveness demands greater efficiencies, faster speed to market, and improved customer service. Copilot for Microsoft 365 addresses both dimensions.
It’s clear that generative AI opens new doors to create greater value for customers, the benefits of which are already dramatic across industries. In the unique case of financial services, generative AI also opens opportunities to address global problems that have long challenged almost every segment of society.
Microsoft AI technologies are well-positioned to assist financial institutions in implementing AI in a way that complies with applicable law and regulations, facilitates effective oversight by senior management and the board of directors, addresses supervisory expectations, and protects customers.Â
![[3:38 PM] Jenn Sarfaty (Wipro Designit Services Inc) Executive sitting at desk using laptop in an office with a panoramic view. Including Copilot logo.](https://www.microsoft.com/en-us/industry/blog/wp-content/uploads/2024/02/MicrosoftTeams-image-2-300x169.webp)
We’re announcing the public preview of Microsoft Copilot for Finance, a game-changer for finance professionals and the newest role-based extension of Microsoft Copilot. Microsoft Copilot for Finance is a momentous leap forward, specifically crafted to revolutionize the daily grind of well-known financial processes.
With the recent availability of Microsoft Copilot for Microsoft 365, insurers understand that their employees and customers alike will welcome generative AI into their operations.
Check out some of the latest and most exciting AI-driven cloud solutions in our four-part blog series. All created by partners, they're available to try and buy right now at the Microsoft marketplace.
New capabilities within the 2024 release wave 1 will be available from April 1, 2024, to September 30, 2024. This plan covers features for Microsoft Cloud for Retail, Azure Data Manager for Agriculture, Microsoft Cloud for Financial Services, Microsoft Cloud for Sustainability, Microsoft Cloud for Healthcare, and Microsoft Cloud for Nonprofit.
Helping banks improve productivity through better teamwork, insights, and communications is a key focus area for Microsoft, and something Azure OpenAI Service and our rapidly evolving copilot offerings are well positioned to enable.
As part of our efforts to empower implementers to create reliable, scalable, secure, and cost-efficient solutions, we have introduced Well-Architected for Industry. The framework consists of five pillars of architectural excellence including reliability, cost optimization, operational excellence, performance efficiency, and security.
